114 W 124th Street #TH, Manhattan, NY 10027
Local realty services provided by:CENTURY 21 Awaye Realty
114 W 124th Street #TH,Manhattan, NY 10027
$3,285,000
- 8 Beds
- 4 Baths
- 4,000 sq. ft.
- Multi-family
- Active
Listed by: natalia rawska, kevin oliveira
Office: serhant
MLS#:RLS20062709
Source:NY_REBNY
Price summary
- Price:$3,285,000
- Price per sq. ft.:$821.25
About this home
<p>Turnkey Boutique Four-Unit Luxury Investment</p> <p> 8 Bedrooms 4 Bathrooms 4,000+ SF Free-Market Rents</p> <p>Presenting <strong> 114 West 124th Street</strong>, a <strong> 19-foot-wide, south-facing townhouse</strong> located in <strong> prime Harlem</strong>, within a <strong> Qualified Opportunity Zone</strong> and configured with <strong> free-market tenancy</strong>. Fully renovated from the inside out, this turnkey asset offers flexibility for an end user or investor seeking both income and long-term upside.</p> <p>The building is configured with four full-floor, two-bedroom residences. The <strong> garden and parlor-level apartments</strong> provide direct access <strong> backyard and patio</strong>, offering exceptional indoor-outdoor living. There are also <strong> unused air rights</strong>, creating future expansion potential and additional value.</p> <p>A rare opportunity to acquire a <strong> fully stabilized, income-producing townhouse</strong> in one of Manhattan's most culturally rich and investor-favored neighborhoods.</p> <p> Investment Overview</p> <ul> <li> Stabilized Luxury Asset: Well maintained, free-market multifamily townhouse featuring four fully leased residences. The property currently operates at an approximate 4.5 Cap Rate, with a clear path to enhanced <strong>returns approaching 6.5 Cap Rate</strong> through optimization strategies.</li> <li> Generous Building Scale: Offering over <strong>4,000 square feet</strong> of thoughtfully designed living space, highlighted by lofty ceiling heights and well-proportioned layouts across every level.</li> <li> Premium Interior Buildout: Residences showcase refined materials and modern systems, including hardwood flooring, exposed brick elements, contemporary HVAC climate control, chef-caliber kitchens with high-end appliances, and in-unit laundry in every apartment.</li> <li> Wide Townhouse Presence: Approximately <strong>19 feet of street frontage</strong>, providing a rare and attractive brownstone profile.</li> <li> Private Outdoor Amenity: <strong>A sizable rear garden</strong> creates a tranquil setting for private use or entertaining - an increasingly valuable feature in the rental market.</li> <li> Future Expansion Potential: <strong>Significant unused development rights</strong> offer flexibility for vertical expansion or unit reconfiguration, including potential conversion to larger three-bedroom layouts or live/work concepts.</li> <li> Efficient Operations: <strong>Individually metered utilities</strong> and modern infrastructure contribute to low operating and management expenses, enhancing net returns.</li> <li> Exceptional Harlem Location: <strong>situated at the end of the block of </strong>Whole Foods and the 2/3 express subway, with the Apollo Theater two blocks away. Surrounded by Lenox Avenue's dining and cultural corridor, tree-lined brownstone streets, Marcus Garvey Park, and close proximity to Central Park, this location combines daily convenience with long-term demand drivers.</li> </ul> <p> Unit Configuration:</p> <ul> <li> <strong> Garden Level:</strong> 1,000 SF + 420 SF private garden</li> <li> <strong> Parlor Level:</strong> 1,000 SF + two private outdoor spaces totaling 650 SF (balcony & patio)</li> <li> <strong> Second Floor:</strong> 1,000 SF</li> <li> <strong> Third Floor:</strong> 1,000 SF</li> </ul> <p> Building Specifications</p> <ul> <li> <strong> Year Built:</strong> 1910</li> <li> <strong> Zoning:</strong> C4-4</li> <li> <strong> Lot Size:</strong> 1,892 SF</li> <li> <strong> Lot Dimensions:</strong> 100.92' x 18.75'</li> <li> <strong> Building Footprint:</strong> 18.75' frontage x 46.00' depth</li> <li> <strong> Max Zoning Floor Area:</strong> 6,508 SF</li> <li> <strong> Existing Built Area:</strong> 2,664 SF</li> <li> <strong> Remaining Development Potential:</strong> Approx. 3,844 SF</li> <li> <strong> Compliance Status:</strong> Free of any open DOB or municipal violations</li> </ul> <p>All showings are by appointment only, please contact us to schedule a viewing 48hrs in advance. All units are occupied</p>...
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Home facts
- Year built:1910
- Subdivision & Development:South Harlem
- Listing ID #:RLS20062709
- Added:235 day(s) ago
- Updated:July 31, 2026 at 12:08 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:12
- Kitchen Description:Dishwasher
- Basement:Yes
- Living area:4,000 sq. ft.
Structure and exterior
- Year built:1910
- Building area:4,000 sq. ft.
- Exterior Features:Balcony, Garden, Patio
Finances and disclosures
- Price:$3,285,000
- Price per sq. ft.:$821.25
Features and amenities
- Appliances:Dishwasher, WasherDryerAllowed
- Laundry features:Washer Dryer Allowed
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 The Real Estate Board of New York, Inc., All rights reserved. RLS Data display by Coldwell Banker Warburg This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. NY_REBNY Member Broker: Arlene WayeNew listings near 114 W 124th Street #TH
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